Business Wire (Free subscription) | 27/10/2008
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on The Allstate Corporation (Allstate):
Market Watch (Free subscription) | 27/10/2008
SAN FRANCISCO (MarketWatch) -- Fitch Ratings said late Monday it downgraded ratings of Allstate Corp. and its subsidiaries because of a deterioration in the company's investment portfolio. Fitch lowered the company's issuer default rating to A+ from AA-, its senior debt rating to A from A+, and its trust preferred rating to A- from A. The outlook is negative. Market Pulse Stories are...
Business Wire (Free subscription) | 28/10/2008
Fitch considers Allstate's life operation a strategic, but not core operation. The fact that more troubled assets reside at the life operation, the relatively modest franchise and capital quality coupled with and weakened performance of the life operations contribute to our opinion. Consequently, the primary life insurance subsidiaries carry insurer financial strength ratings one notch below...
Seeking Alpha China (Free subscription) | 24/10/2008
The Allstate Corporation (ALL) Q3 FY08 Earnings Call Complete Story ยป
kansascity.com (Free subscription) | 24/10/2008
Allstate Corp. said the rate of car accidents will decline this quarter as policyholders drive less because of the slowing economy.
Reuters UK (Free subscription) | 23/10/2008
NEW YORK, Oct 22 (Reuters) - Allstate Corp , the largest publicly-traded U.S. auto and home insurer, posted a surprise quarterly loss on Wednesday, with steep write-downs on investments and huge catastrophe losses, but the company's top executive said it could have been worse.
Market Watch (Free subscription) | 23/10/2008
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Thursday revised Allstate Corp.'s outlook to negative from stable and affirmed its A+ counterparty credit rating. "The negative outlook reflects the significant deterioration in capital adequacy to the strong level from very strong. This resulted from a combination of sizable catastrophe losses and realized investment...
Market Watch (Free subscription) | 22/10/2008
SAN FRANCISCO (MarketWatch) -- Allstate Corp. late Wednesday reported a third-quarter net loss of $923 million, or $1.71 a share, as the property and casualty insurer paid big hurricane-related claims and realized more than $1 billion of pre-tax investment losses. On an operating basis, which excludes net realized investment gains and losses, Allstate said it lost $190 million,...
Reuters (Free subscription) | 23/10/2008
NEW YORK (Reuters) - Property insurer Travelers Cos Inc and Allstate Corp , the largest publicly traded U.S. home insurer, reported weaker results, hurt by higher catastrophe losses.
Chicago Tribune (Free subscription) | 22/10/2008
Allstate Corp.'s swung to a third-quarter net loss on investment losses caused by turmoil in the financial markets coupled with what it called "two of the costliest hurricanes in U.S. history."
San Fransisco Chronicle (Free subscription) | 22/10/2008
Property, casualty and auto insurer Allstate says hefty hurricane-related losses and the ongoing global financial crisis drove the company to a third-quarter loss. Northbrook, Ill.-based Allstate Corp. said Wednesday it lost $923 million, or $1.71 per share,...
Business Week (Free subscription) | 23/10/2008
Movers: Amazon, Amgen. Allstate, Altria, Dow Chemical, UPSPlus more stocks making headlines in Thursday's market From Amazon.com () reported third-quarter EPS of 27 cents, vs. 19 cents one year earlier, on a 31% sales rise. The company sees fourth-quarter operating income between $145-$305 million (-46% to +13% year-over-year) on sales of $6-$7 billion (+6% to +23%). Amazon now expects 2008...
Examiner (Free subscription) | 22/10/2008
Property, casualty and auto insurer Allstate says hefty hurricane-related losses and the ongoing global financial crisis drove the company to a third-quarter loss.
kansascity.com (Free subscription) | 22/10/2008
Property, casualty and auto insurer Allstate says hefty hurricane-related losses and the ongoing global financial crisis drove the company to a third-quarter loss.
Star Tribune (Free subscription) | 22/10/2008
Northbrook, Ill.-based Allstate Corp. said Wednesday it lost $923 million, or $1.71 per share, after a profit of $978 million, or $1.70 per share, a year ago. Revenue fell to 7.3 billion from 9 billion a year earlier.
